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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Firestone Diamonds Plc | LSE:FDI | London | Ordinary Share | GB00BKX59Y86 | ORD 1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.20 | 0.15 | 0.25 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMFDI
RNS Number : 4178C
Firestone Diamonds PLC
19 January 2018
19 January 2018
Firestone Diamonds plc
("Firestone" or the "Company")
Issue of shares
Firestone Diamonds plc (AIM: FDI), a new diamond producer with operations focused in Lesotho, announces that, in accordance with the terms of the US$30.0 million Series A Eurobond debt facility ("Series A Eurobonds"), it has opted to issue, in aggregate, 4,554,342 new ordinary shares of 1 pence each ("Ordinary Shares") in respect of the quarterly interest due on the Series A Eurobonds, for the quarter ended 31 December 2017. As at 31 December 2017, Series A Eurobonds amounting to US$30.0 million had been issued.
Accordingly, the Company will issue, in aggregate, 2,277,171 new Ordinary Shares to Pacific Road Resources Fund II L.P. and Pacific Road Resources Fund II (together "Pacific Road") and 2,277,171 new Ordinary Shares to Resource Capital Fund VI L.P. ("RCF") in respect of the interest due on the Series A Eurobonds, for the quarter ended 31 December 2017.
Application has been made to the London Stock Exchange plc for the new Ordinary Shares to be admitted to trading on AIM. Admission and dealings in the new Ordinary Shares are expected to commence at 8.00 a.m. on 25 January 2018. On Admission, the Company will have 509,668,312 Ordinary Shares in issue.
The Company does not currently hold any Ordinary Shares in treasury. Accordingly, the above figure of 509,668,312 may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules.
Following the issue of the new Ordinary Shares, Pacific Road and RCF will be interested in 133,524,330 and 134,119,642 Ordinary Shares respectively, representing approximately 26.20% and 26.32% respectively of the Company's issued share capital.
For more information please visit: www.firestonediamonds.com or contact:
+44 (0)20 8741 Firestone Diamonds plc 7810 Stuart Brown Macquarie Capital (Europe) Limited (Nomad and Broker) Nick Stamp Nicholas Harland +44 (0)20 3037 Guy de Freitas 2000 Tavistock (Public and Investor +44 (0)20 7920 Relations) 3150 Simon Hudson Jos Simson Barney Hayward
About Firestone
Firestone is an international diamond mining company with operations focused in Lesotho. Firestone commenced commercial production in July 2017 at the Liqhobong Diamond Mine in Lesotho. Lesotho is emerging as one of Africa's significant new diamond producers, hosting Gem Diamonds' Letseng Mine, Firestone's Liqhobong Mine and Namakwa Diamonds' Kao Mine.
-ends-
This information is provided by RNS
The company news service from the London Stock Exchange
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(END) Dow Jones Newswires
January 19, 2018 07:22 ET (12:22 GMT)
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